HESTA says all its external asset managers will have at least one woman on their investment teams this year, as the superannuation giant pushes towards a target of having 40 per cent female fund managers by 2030.

HESTA, which manages $93 billion of retirement savings on behalf of its members, said 2025 would be the first year that all of its 70 domestic and international asset managers will have mixed gender investment teams, but it stopped short of ruling out allocating capital to all-male teams.